Korea Development Bank – Ratings Affirmed with a Stable Outlook

Ref: KR0212 1 CRA00- 0 1 22 November 202 2

Korea Development Bank – Ratings Affirmed with a Stable Outlook

Capital Intelligence (CI Ratings or CI ) today announced that it has affirmed the L ong- T erm Foreign Currency R ating (LT FCR) and S hort- T erm F oreign C urrency R ating (ST FCR ) of Korea Development Bank (KDB) at ‘A+’ and ‘A1’ , respectively. At the same time, CI Ratings has affirmed KDB’s B ank S tandalone R ating (BSR) of ‘a+’ and C ore F inancial S trength (CFS) rating of ‘a+’. The Outlook for the LT FCR and BSR remains Stable.

KDB’s LT FCR , BSR and CFS rating are in line with CI’s internal assessment of sovereign credit risk for South Korea . Consequently , the Extraordinary Support Level (ESL) of Very High – which reflects the Bank’s full government ownership and policy role to supply capital to develop South Korean industry – does…